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African Development Bank Group (AfDB)

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    • Ghana signs grant agreement with African Development Fund, government of Switzerland, to support development of mini-grids and solar PV net metering
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Source: African Development Bank Group (AfDB) |

Ghana signs grant agreement with African Development Fund, government of Switzerland, to support development of mini-grids and solar PV net metering

The agreements, for the development of 35 mini-grids and stand-alone solar PV systems, were signed on Wednesday 25 May at a short ceremony held on the sidelines of the African Development Bank Group’s 2022 Annual Meetings

The government of Ghana has signed a grant agreement with the African Development Fund, and a financing agreement with the government of Switzerland, for the Ghana Mini Grid and Solar Photovoltaic Net Metering project. The project will benefit schools, health centres and communities across the country. The agreements, for the…

African Development Bank Group (AfDB)

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    • Through appropriate capacity building programmes, Sahel countries will increase their own capabilities to accelerate their energy transition
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Source: African Development Bank Group (AfDB) |

African Development Bank, MASEN and RES4africa to co-organise training programme for Sahel countries

The planned sessions are relevant to all aspects of the solar energy value chain and landscape – from utility scale to decentralized uses

The African Development Bank (www.AfDB.org), MASEN and RES4Africa have agreed to join forces on a dedicated solar energy training programme in 2022, to foster the uptake of solar energy in five Sahel countries. The programme, to be conducted in Burkina Faso, Chad, Mali, Mauritania and Niger, will focus on energy…

African Development Bank Group (AfDB)

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    • Lighting up Africa: A linesman connects power to the Gitwa Cell, Nyarukara Village, under a greenfield project in Rwanda, co-financed by the African Development Bank
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Source: African Development Bank Group (AfDB) |

Rwanda: African Development Bank approves loans of $180 million to reinforce transmission and last mile connectivity

The project will entail the construction of over 1,000 km of medium voltage and 3,300 km of low voltage lines to boost last mile access

The Board of Directors of the African Development Bank (www.AfDB.org) has approved two loans amounting to $180 million to co-finance a major energy project that will extend electricity access to rural areas and reduce greenhouse gas emissions in Rwanda. This follows the 26 May 2021 approval for $84.2 million from…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Radio News Release (Soundbite): African Development Bank pledges $2.8 billion to South Africa over five years

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African Development Bank Group (www.AfDB.org) President Dr. Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing a $2.8 billion package for the country over the next five years. Some $400 million (ZAR 6 billion) will support South Africa’s Eskom and the country’s energy transition. Adesina was speaking…

African Development Bank Group (AfDB)

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    • “We know South Africa is bankable” – Akinwumi A. Adesina, President, African Development Bank Group, South Africa Investment Conference, 24 March 2022
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Source: African Development Bank Group (AfDB) |

South African Investment Conference Highlights Nation’s Resilience

African Development Bank pledges $2.8 billion to South Africa over five years

African Development Bank Group (www.AfDB.org) President Dr. Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing a $2.8 billion package for the country over the next five years. Some $400 million (ZAR 6 billion) will support South Africa’s Eskom and the country’s energy transition. Adesina was speaking…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank Group approves Leveraging Energy Access Finance Framework (LEAF) program to promote investment in decentralized renewable energy

Under LEAF, some 18 decentralized renewable energy projects are expected to be financed, providing access to six million people and businesses

The Board of Directors of the African Development Bank Group (www.AfDB.org) on Wednesday approved the Leveraging Energy Access Finance Framework (LEAF), under which the Bank will commit up to $164 million to promote decentralized renewable energy in six African countries. The $800 million program will help spur commercial and local…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank Group approves $379.6 million Desert to Power financing facility for the G5 Sahel countries

The facility is expected to result in 500 MW of additional solar generation capacity and facilitate electricity access to some 695,000 households

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved the Desert to Power G5 Sahel Financing Facility, covering Burkina Faso, Chad, Mali, Mauritania, and Niger. The Bank envisages to commit up to $379.6 million in financing and technical assistance for the facility over the next seven…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

South Africa’s largest renewable energy project Redstone concentrated solar power (CSP) achieves first debt draw down

The African Development Bank acted as the Mandated Lead Arranger (MLA) and Coordinating Bank for the ZAR 11.6 bn total investment

Commercial operation scheduled to start in Q4 2023; The African Development Bank (www.AfDB.org) acted as the Mandated Lead Arranger and Coordinating Bank, committing ZAR 2.306 billion to the transaction; The ZAR 11.6 billion Redstone concentrated solar power (CSP) project will provide power to 200,000 households upon completion. South African Redstone…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Fund extends $27.39 million grant to support development of mini grid and solar PV net metering in Ghana

The project has leveraged co-financing from the Scaling Up Renewable Energy Program

The Board of Directors of the African Development Fund has approved a $27.39 million grant to Ghana for the development of renewable energy investments in the mini grid and net metering space.  The project involves the development of 35 mini grids, standalone solar photovoltaic systems in 400 schools, 200 units…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank’s SEFA to provide $1 million in support of Botswana’s energy transition

Through its support for the further development of the renewable energy generation sector in Botswana, the project also contributes to the Mega Solar initiative

The Sustainable Energy Fund for Africa (SEFA) (bit.ly/3JQ7ilg), managed by the African Development Bank (www.AfDB.org), has approved a $1 million grant to facilitate Botswana’s transition to clean energy. The technical assistance project supports the Government of Botswana in closing critical gaps in policy, regulatory and legal frameworks, which were identified…